People started staying at home before the shutdowns were ordered, data shows With the input Indiana University economists Sumedha Gupta, Kosali Simon and Coady Wing, the Washington Post released their conclusions on pandemic-related economic research. In MORE
More winning: First-time claims for unemployment insurance jumped to 965,000 last week amid signs of a slowdown in hiring due to pandemic restrictions, the Labor Department reported Thursday. The total was worse than Wall Street MORE
The final jobs report of 2020 shows a labor market teetering on the brink, as the pandemic’s chokehold on the economy strengthens. More Winning! “It’s eerily reminiscent of when Joe Biden took office as vice MORE
‘Twas days before Christmas and all through the land, 803,000 Americans found out they were canned. They rushed to the unemployment office to file a claim, joining 20.4 million others, the Trumpvirus to blame. Jobless MORE
Chuck Schumer and Nancy Pelosi are signaling support for Trump’s suggestion to increase direct payments to Americans for $2,000 in a revamped coronavirus stimulus and government funding bill. McConnell has so far not issued any MORE
Tax cuts for the wealthy have long drawn support from conservative lawmakers and economists who argue that such measures will “trickle down” and eventually boost jobs and incomes for everyone else. But a new study MORE
Millions of Americans employed at some of the country’s largest companies have had to rely on food stamps and Medicaid, with giants like Walmart and McDonald’s employing the most workers whose income is subsidized by MORE
The number of people applying for unemployment aid jumped last week to 853,000, the most since September, evidence that companies are cutting more jobs as new virus cases spiral higher. The Labor Department said Thursday that the MORE
Remember, folks, these are jobs recovered since the pandemic hit, not new jobs. The U.S. economy added 245,000 jobs in November, as the unemployment rate fell to 6.7 percent, according to data released Friday by MORE
Congress gets another chance to break the gridlock over a deadlocked stimulus bill when they reconvene for a short period beginning on Monday. The return to Washington will end before Christmas, and part of that MORE
Treasury Secretary Steven Mnuchin broke sharply with the Federal Reserve this week, choosing to end a variety of programs aimed at helping markets, businesses and municipalities weather the pandemic and asking the central bank to MORE
First-time filings for unemployment benefits totaled 742,000 last week vs. the Wall Street estimate of 710,000. Continuing claims fell by 429,000 to 6.37 million, a fresh pandemic-era low. The total of those receiving benefits declined MORE
Below is how Mississippi ranks in areas of importance, such as healthcare, education, economy, etc. Regardless of their sucky rankings in everything that matters, Mississippi’s Governor Tate Reeves wants to eliminate the state income tax BUT MORE
America’s jobs recovery continued in October, as jobs were added for a sixth month in a row and the unemployment rate fell further, the monthly jobs report from the Bureau of Labor Statistics showed Friday. That said, MORE
While Donald Trump likes to say that if Biden is elected the economy will implode, Wall Street appears already betting on a Biden win with a much different outcome. Traders are recently thinking about a MORE
Stocks pointed sharply lower Monday as new data showed a jump in COVID-19 cases in both the U.S. and Europe. Restrictions tightened across major countries overseas, raising the specter of a further pullback in business MORE
Based on new jobless claims, the US’ economy doesn’t appear to be ‘roaring back.’ American workers continued to hit the unemployment line in large numbers last week, with 898,000 new claims filed for jobless benefits. MORE
For the second year in a row, the Taiwan based company Foxconn fell short in creating all those bigly jobs in Wisconsin that Trump hailed as proof he was reviving U.S. manufacturing. The state of MORE
President Donald Trump said Tuesday he has told his administration’s negotiators to end coronavirus stimulus talks with Democrats until after the Nov. 3 election. The declaration, if the White House follows through on it, would halt an MORE
“The issue is momentum, and I think we’re losing it,” said Drew Matus, chief market strategist for MetLife. “When you go through a significant disruption to the labor market, it takes time to fix itself. MORE
Welcome to Voltage Valley! “We’ve been working on this very long and very hard,” Trump said on the White House South Lawn, where he examined the vehicle with Ohio Republican Sen. Rob Portman, Dayton Republican MORE
The number of Americans filing for unemployment benefits increased last week as the US economic recovery trudged onward without fresh stimulus. New US weekly jobless claims totaled an unadjusted 870,000 for the week that ended MORE
Several national and international issues have been identified for today’s plunge in the Dow Jones Industrial Average, which fell more than 800 points since the opening bell. Investors fear more COVID-19 related deaths and business MORE
First-time claims for unemployment insurance totaled 860,000 last week. That was down from the 893,000 a week ago and better than Dow Jones estimates of 875,000. Continuing claims fell by more than 900,000 to 12.63 MORE
Joe Biden’s economic proposals would create a faster growing economy, higher wages for American workers and reduce the debt compared to where the U.S. is headed under President Donald Trump, according to new analysis from MORE